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  1. #51
    Scrumtrulescent
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    lol boutons. lol krugman. lol thinkprogress.

  2. #52
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    and also a guy who is responsible for this:

    "Europe: The Comeback Continent" I don’t want to exaggerate the good news. Europe continues to have many economic problems. But who doesn’t? The fact is that Europe’s economy looks a lot better now — both in absolute terms and compared with our economy — than it did a decade ago.

    But the next time a politician tries to scare you with the European bogeyman, bear this in mind: Europe’s economy is actually doing O.K. these days, despite a level of taxing and spending beyond the wildest ambitions of American progressives.- Krugman in 2008


    in 2008, Europe had not been infected by the US's Great Banksters Depression. 3 or 4 years later, it has (even with US taxpayers bailing out Euro banks).

    Go find the Euro economic data for 2008 to prove whether your laughing is or Krugman was right

  3. #53
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    lol boutons. lol krugman. lol thinkprogress.
    Yours are as content-free as the usual teysha or darrin posts.

  4. #54
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    Yours are as content-free as the usual teysha or darrin posts.

  5. #55
    Student of Liberty Galileo's Avatar
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    Great. Krugman supports the economic policies of Diocletian! Google; Diocletian tyrant

  6. #56
    hasta la victoria, siempre cheguevara's Avatar
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    in 2008, Europe had not been infected by the US's Great Banksters Depression. 3 or 4 years later, it has (even with US taxpayers bailing out Euro banks).

    Go find the Euro economic data for 2008 to prove whether your laughing is or Krugman was right
    but in 2008 the Euro welfare states and crazy overspending was well put in place. It was just a timebomb waiting to happen.

    Krugman loves to rewrite history:

    http://blogs.telegraph.co.uk/news/ni...own-in-flames/

    But the rest of his analysis of the crisis in Europe, as well as the causes, is in the realm of pure fantasy. In his recent piece en led “Legends of the Fail”, Krugman rejects the idea that “Europe’s woes reflect the failure of welfare states in general, and that Europe’s crisis makes the case for immediate fiscal austerity in the United States”.

    The reality that Krugman refuses to accept is that Europe offers a glimpse of America’s future if it continues down the path of European-style big government. The root of Europe’s financial crisis lies in decades of over-spending and over-borrowing, largely to pay for overgrown and bloated welfare systems, vast public sectors, and incredibly generous pension plans. Europe has a huge en lements disaster heading its way, with graying electorates unable to sustain the status quo. Added to this has been the disastrous euro experiment, which has created a one-size fits all approach for 17 EU countries, with varying levels of economic advancement. It has been a huge leap into the dark, without a shred of democratic accountability.

  7. #57
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    "but in 2008 the Euro welfare states and crazy overspending was well put in place. It was just a timebomb waiting to happen."

    and the US financial sector's insanely high risk bets, and record high household debt pushed hard by the lenders, were a time bomb that did happen.

    Euros actually get something for their socialism, while Americans get nothing but butt- ed by capitalism.

  8. #58
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    As Krugman predicted:

    Austerity Pushes Eurozone Unemployment To 15-Year High; Republicans Continue To Ignore Its Failure


    Austerity policies pushed countries across the Europe back into recession during the first quarter of 2012, and the Eurozone’s unemployment rate hit 10.9 percent — its highest level in 15 years — in March. Deep budget cuts in countries like Spain, Greece, and Ireland crippled economic growth and exacerbated unemployment numbers. Austerity’s failure is starkest in the United Kingdom, where the economy is performing even worse than the rest of the Eurozone. And yet, Republicans in the United States have failed to grasp austerity’s failures, continuing their push for radical budget cuts that would jeopardize already-modest growth in the American economy and send the U.S. on a path not dissimilar from Europe’s.

    http://thinkprogress.org/economy/201...e-its-failure/
    Some content for boutons.

    There is of course a major problem with Krugman’s analysis – deep-seated austerity measures have barely been implemented across most of Europe, including in Britain. The reality that Krugman ignores is that real austerity has yet to be introduced in most European countries, whose governments are still in the process of drawing up plans for budget cuts – Spain, with an unemployment rate of nearly 25 percent after years of ruinous socialist rule, is a case in point.
    In London, Ins ute for Fiscal Studies research has shown that just 6 percent of planned cuts in current public service spending in Britain have actually been implemented by the Conservative-Liberal Coalition. That’s hardly a recipe for plunging Britain back into “depression” as Krugman calls it.
    link

    Since boutons is so big on content, I'm sure he'll be along shortly with something to explain how austerity cuts that haven't even been implimented yet are directly responsible for eurozone unemployment.

  9. #59
    Veteran Th'Pusher's Avatar
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    based on real government consumption, it looks like austerity has been in effect for quite a while...

    http://krugman.blogs.nytimes.com/201...gman&seid=auto

  10. #60
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    A thread about Ron Paul AND Paul Krugman?!!

    How long I've waited.

  11. #61
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    What's Randian Paul's solution for Europe?

    For getting the USA 99% economy moving again?

    He's great for criticizing, and spouting libertarian inanities, but he's NEVER had responsibility for any thing like a govt or economy, and NEVER WILL.
    no response, figgers.

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